Sunday, September 24, 2017

Govt seeks asset valuer for Air India stake sale

New Delhi: As the government prepares to peg a price tag to Air India for its stake sale, it has invited applications for an asset valuer for the national carrier as well as its subsidiaries and overseas offices.

The Union Cabinet has given its in-principal approval for disinvestment of the debt-laden Air India and has constituted a group of ministers to chart out the future course of action.

According to the tender document floated by civil aviation ministry, the asset valuer will have to carry out the valuation of land, buildings, aircraft, engines, stock inventory of spares, maintenance facilities, furniture, office appliances and computer systems, among others.

This exercise will have to be conducted for the airline, its subsidiaries, joint ventures as well as its offices across the world.

The applicant will have to be a valuer registered with the either of the following institutions -- Income Tax Department, Reserve Bank of India, Central Public Works Department, Public Sector Banks or Institution of Valuers.
23/09/17 PTI/Deccan Chronicle

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